Bulletin of McMurry University, 2011-2012 Page: 23
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Financial Assistance
FINANCIAL ASSISTANCE
McMurry does not admit students on the basis of their ability to pay.
Rather, it searches for the most qualified and accomplished students it
can find. After admission, the University Financial Aid Office works with
students and parents to make a McMurry education possible. This as-
sistance comes from a variety of sources, including federal, state, private,
and institutional (provided by McMurry University). General regulations for
participation in any of these forms of financial assistance are as follows:
1. Students must be enrolled half time to be eligible to process loans.
Half-time enrollment means a minimum course load of 6 credit hours
per semester. In some instances a student may qualify for a Pell
Grant with less than half-time enrollment.
2. Institutional scholarships require full-time enrollment (unless speci-
fied) of a minimum of 12 credit hours and is available only for the
fall and spring semesters. Student teaching or students who do not
have 12 credit hours remaining to complete their degree in their final
semester will have their institutional scholarships pro-rated.
3. At least a 2.0 grade point average is required for most scholarships.
4. A student may receive only one tuition or academic institutional
scholarship. If a student qualifies for two, he/she may receive the
scholarship that has the larger dollar value.
5. To receive financial aid, students must meet the minimum require-
ments for continued enrollment as listed in the catalog.
6. All awards are made only upon proper application each academic
year. If there is similar financial need and if funds are available,
students may expect financial assistance to be renewed upon ap-
plication, if they remain in good academic and personal standing
throughout their four years at McMurry and complete the required
financial aid applications by March 15 each year.
7. Students may not receive institutional scholarships that are in excess
of the amount charged for their tuition. If a student receives scholar-
ship funds that cover full or partial tuition, the Institutional or state aid
may be reduced or not awarded.
8. Institutional scholarships may not be used for intercollegiate classes
with the exception for students enrolled with the Patty Hanks Shelton
School of Nursing.
9. Students receiving scholarships must meet the stated minimum
requirements for clear admission both in class rank and test scores.
10. No McMurry scholarship is awarded on the basis of athletic ability.
11. All aid is awarded on a funds available basis. To apply for financial
aid, students and their parents should submit a Free Application
for Federal Student Aid (FAFSA) to the Federal Student Aid Pro-
gram by March 15th . The FAFSA may be completed on line at
www.fafsa.ed.gov.
12. A student is not eligible for financial aid after 12 full-time semesters.
13. Institutional Funds that are restricted to tuition only will be based on
the percentage of tuition refunded. For example, if tuition refund is
75%, the student may keep 25% of the scholarship. Scholarships not
restricted to tuition will be based on the percentage of the semester
completed up to the 50% point of the semester. After the 50% point,
the student may retain all of the scholarship.
14. Students receiving McMurry institutional scholarships, awards or
grants may only use these funds for tuition costs resulting from
courses taken at McMurry. Exception to this policy are students
enrolled from McMurry in the Patty Hanks Shelton School of Nursing.
Students enrolled at Hardin-Simmons or Abilene Christian University
under our Intercollegiate Enrollment program assume the total cost of
tuition charges at that respective university, with institutional financial
aid prorated for courses taken at McMurry if student falls below full-
time.
FEDERAL GRANTS
McMurry University participates in the Federal Grant Programs-The Fed-
eral Pell Grant is an entitlement program for students who show financial
need, and the State Leveraging Educational Assistance Grant (LEAP)
formerly the SSIG. These are need-based grants that are not repaid. To
apply for these grants the student must file the FAFSA.STATE GRANTS
The Texas Tuition Equalization Grant (TEG) is a grant provided by the
State of Texas to residents of Texas who show need and who are attending an approved independent college in Texas. This grant is to help
equalize the tuition difference between state-supported schools and the
independent colleges and universities of Texas. Students must maintain a
2.5 GPA and complete 24 credit hours per year to continue to receive the
TEG. To apply for this grant, complete the FAFSA.
WORK ASSISTANCE
On-campus employment is provided by two sources. Texas College Work
Study and the Federal College Work Study Program provide employment
for students who show financial need in meeting expenses. To apply for
need-based employment, students must complete the FAFSA.
LOAN ASSISTANCE (to be repaid)
McMurry participates in the Carl D. Perkins Loan Assistance Program
(Perkins loan), the William D. Ford Federal Direct Loan Program, and
College Access loan (CAL). Students and parents wishing to participate in
these loan programs must process a FAFSA to support eligibility.
MCMURRY UNIVERSITY ACADEMIC
SCHOLARSHIP PROGRAMS
McMurry Honors Scholarship- Two full tuition scholarships are avail-
able to entering first-time freshmen who are either in the top 5% of their
high school graduating class or have scored a minimum of 27 on the ACT
or 1220 on the SAT (requires honors program application completed by
February 1st). A separate application and personal interview are required.
A faculty committee selects the recipients. The scholarship is renewable
for 3 years with a minimum 3.5 cumulative GPA and a 3.25 GPA in Honors
classes with McMurry. Contact the Head of the Honors Program for infor-
mation. This scholarship can not be received concurrently with any other
McMurry University Academic or institutional Scholarship.
(Patty Hanks School of Nursing students are not eligible); (cannot be used
for intercollegiate classes).
Presidential Scholarship-First-time freshmen, with a 3.8 high school
GPA who score 26 on the ACT or 1200 on the SAT will receive a scholar-
ship for $11,000. This scholarship is renewable for 3 years with a 2.75
cumulative GPA with McMurry. Students receiving this scholarship may
not receive any other institutional scholarship in excess of tuition. Cannot
be used for intercollegiate classes.
University Scholarship- First-time freshmen, with a 3.6 high school GPA
who score 23 on the ACT or 1100 on the SAT will receive a scholarship for
$10,000. This scholarship is renewable for 3 years with a 2.0 cumulative
GPA with McMurry. Students receiving this scholarship may not receive
any other institutional scholarship in excess of tuition. Cannot be used for
intercollegiate classes.
Dean's Scholarship-First-time freshmen, with a 3.2 high school GPA
that score 21 on the ACT or 1000 on the SAT will receive a scholarship for
$8,000. This scholarship is renewable for 3 years with a 2.0 cumulative
GPA with McMurry. Students receiving this scholarship may not receive
any other institutional scholarship in excess of tuition. Cannot be used for
intercollegiate classes.
McMurry Scholarship-First-time freshmen, with a 3.00 high school
GPA who score 19 ACT or 900 SAT will receive a $7,000 scholarship.
This scholarship is renewable for 3 years with a 2.0 cumulative GPA with
McMurry. Students receiving this scholarship may not receive any other
Institutional scholarship in excess of tuition. Cannot be used for intercol-
legiate classes.
Academic Incentive Award - First-time freshmen admitted into Mc-
Murry with demonstrated leadership, community service or involvement.
Scholarship for $4,000 and renewable for 3 years with a 2.0 cumulative
GPA with McMurry. Students receiving this scholarship may not receive
any other Institutional scholarship in excess of tuition. Cannot be used for
intercollegiate calsses.Phi Theta Kappa- A scholarship amount up to $7,500 per year is offered
to incoming transfer students with a 3.7 GPA and who are members of this
organization. The number of semesters a student may receive this schol-
arship is limited based on the number of full-time semesters previously23
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McMurry University. Bulletin of McMurry University, 2011-2012, book, May 2011; Abilene, Texas. (https://texashistory.unt.edu/ark:/67531/metapth354160/m1/23/: accessed May 14, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting McMurry University Library.